DBS Group HoldingsLtd. reported a 5% year-over-year decrease in net profit for the firstquarter.

The group's first-quarter net profit attributable to shareholderstotaled S$1.20 billion, down from S$1.27 billion in the prior-year quarter. EPSfor the quarter rose year over year to S$1.92 from S$1.87.

Excluding one-time items, the group's first-quarter net profittotaled S$1.20 billion, or S$1.92 per share, up 6% in the aggregate from S$1.13billion, or S$1.82 per share.

Net interest income for the quarter came to S$1.83 billion, upfrom S$1.69 billion in the prior-year period. Net fee and commission income forthe period increased year over year to S$574 million from S$560 million.

Total income for the first quarter was S$2.87 billion, down slightlyfrom S$2.88 billion in the year prior.

The net interest margin for the first quarter was 1.85%, up from1.69% in the prior-year period. Allowances for credit and other losses came to S$170million, compared with S$181 million in the prior-year period.

The group's nonperforming loan ratio was 1.0% as of March 31,up from 0.9% as of Dec. 31, 2015.

As of March 31, the group's total capital adequacy ratio was16%, up from 15.4% as of Dec. 31, 2015, and 15.3% as of March 31, 2015. Its commonequity Tier 1 and Tier 1 capital ratios were 14.0% and 14.3%, respectively, forthe period, up from 13.5% for both ratios as of Dec. 31, 2015, and 13.4% at March31, 2015.

As of May 2, US$1 was equivalentto S$1.34.